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by mediaman
424 days ago
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That doesn't mean anything. You can accomplish that by having a very large denominator, which is possible if creating a business is trivially easy. In the US, it's generally very easy to create a "business," which doesn't even need to be a separate legal entity. I'd guess that a substantial portion of the companies in the denominator have no employees and are just entities for owning a piece of property, or for someone's occasional graphic design work, or whatever. They are legally businesses, but not businesses in the way that we commonly think, such as a local auto shop or retail store. |
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This is correct, but misleading. In the US, something like > 60% of GDP come from just the US companies in the Fortune 500.